Jasa Marga records an IDR 17.11 billion loss in Q1 2021
JAKARTA – PT Jasa Marga (Persero) Tbk (JSMR) experiences a loss of IDR 17.11 billion in Q1 2021 due to the net profit decline and an increment in the operational cost. In Q1 2020, the state-owned toll operator managed to score a profit of IDR 521.23 billion.
In the Financial Report of Q1 2021 published Monday (28/6), Subakti Syukur, the President Director of Jasa Marga, reveals that the contribution from the construction segment drops to IDR 736.73 billion from IDR 1.44 trillion. Meanwhile, the contribution from the primary sector, which is toll income, adds IDR 2.54 trillion. The number is deemed stable considering the achievement in Q1 2020 of IDR 2.53 trillion. Other operating income reaches IDR 215.59 billion, increasing from IDR 202.95 billion. The total revenue clocks up to IDR 3.49 trillion, declining from IDR 4.17 trillion.
The company’s gross profit is reported to reach IDR 1.65 trillion, decreasing from Q1 2020 of IDR 1.79 trillion. However, the profit before tax plummets to IDR 286.93 billion from IDR 789.34 billion due to the skyrocketing financial expense of IDR 1.19 trillion from IDR 774.30 billion. (LK/ZH)